Bland Chipotle $
Chipotle Mexican Grill, the burrito chain recently criticized by hedge-fund manager David Einhorn, reported third-quarter profits that fell short of analysts’ estimates as store sales growth slowed.
Net income rose 20 percent, to $72.3 million, or $2.27 a share, from $60.4 million, or $1.90, a year earlier, the Denver-based company said.
The average of 25 analysts’ estimates compiled by Bloomberg was $2.29. Chipotle is facing more competition from Taco Bell.
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